SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Solve the problem. 12) The price p and x, the quantity of a certain product sold, obey the demand equation 1 p = - x+100, {x10 ≤x≤1000} 10 a) Express the revenue R as a function of x. b) What is the revenue if 450 units are sold? c) Graph the revenue function using a graphing utility. d) What quantity x maximizes revenue? What is the maximum revenue? e) What price should the company charge to maximize revenue? 12)
SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. Solve the problem. 12) The price p and x, the quantity of a certain product sold, obey the demand equation 1 p = - x+100, {x10 ≤x≤1000} 10 a) Express the revenue R as a function of x. b) What is the revenue if 450 units are sold? c) Graph the revenue function using a graphing utility. d) What quantity x maximizes revenue? What is the maximum revenue? e) What price should the company charge to maximize revenue? 12)
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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